Jeff Bridges Quotes

Groups that work in black neighborhoods around the country have contended that much of subprime lending is 'predatory lending.'

Lenders, including major credit companies as well as payday lenders, have taken over the traditional role of the street-corner loan shark, charging the poor insanely high rates of interest.

For too long, Americans have fallen victim to financial abuses at the hands of predatory lenders that operate in the shadows.

I was absolutely astonished and could not believe my eyes at the outrageous interest rates that people in need have to pay to get loans.

The mortgage crisis is a clear instance of consumers who needed protection. There was predatory lending to people who didn't know what they were doing.

A banker who is allowed to borrow money at X and loan it out at X plus Y will just go crazy and do too much of it if the civilization doesn't have rules that prevent it.

Borrowing is not much better than begging; just as lending with interest is not much better than stealing.

For too long, tricks and traps in mortgages, credit cards, and other financial transactions have stripped wealth from working families.

Can't make your payments? No problem. The interest charges keep on coming. In fact, banks prefer it that way. More money for them. The government guarantees it.

What Wall Street and credit card companies are doing is really not much different from what gangsters and loan sharks do who make predatory loans. While the bankers wear three-piece suits and don't break the knee caps of those who can't pay back, they still are destroying people's lives.

The bastards broke the People's back with their usury.... Let them die; the People will survive.

To make a Bill or Note bearing no Interest, and not payable till after a dozen or score of Years, a legal Tender … in Payment of Debts, is the highest of despotick and arbitrary Government

It’s going to put people into indentured servitude to the credit card companies.

Money lending is a horrible profession. If we are to call it otherwise it is lawful plundering.

Navient's actions have led to student borrowers needlessly carrying billions of dollars in debt, and the company must be held accountable.

We never did these kinds of loans that really started this mess, the subprime loans. We just never got into that business. We were enticed a lot of times to do so by a lot of Wall Street-type players, but I, frankly, never understood some of this stuff.

I have seen how payday lenders and check cashing outfits set up in towns around military bases to take advantage of young service members, whose starting salaries are barely over $20,000 per year.

Profiting from student loans is usury, and we just can't continue to allow it.

Give a man a fish and he'll eat for a day. Give a man a sub-prime fish loan and you're in business, buddy.

Let's be honest: It wasn't just the banks who messed up. There were a lot of people who tried to buy assets they couldn't afford. That's a reality.

As I travel across Illinois and talk with people, and as others reach out to my office desperate for help, I am becoming convinced that, despite their rhetoric, many lenders have no interest in actually helping their customers.

Under Bill Clinton's HUD Secretary Andrew Cuomo, Community Reinvestment Act regulators gave banks higher ratings for home loans made in 'credit-deprived' areas. Banks were effectively rewarded for throwing out sound underwriting standards and writing loans to those who were at high risk of defaulting.

The invention of money opened a new field to human avarice by giving rise to usury and the practice of lending money at interest while the owner passes a life of idleness.

Never ask for small loans.

Payday loans are but one of many financial techniques - from overdraft fees to student loans subsidizing for-profit colleges - specifically designed to pull money from the pockets of the poor. This problem generally goes unrecognized by policy makers.